Land Rover Freelander 2 Car Loan EMI Calculator

₹ 87,473.
Here is how - Land Rover Freelander 2 price starts from ₹ 43,14,037 in Chennai. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 87,473.

Here is a model wise list of max loan amount for Freelander 2.

Version	On-road price in Chennai	Max Loan
HSE	₹ 62,37,976	₹ 51,92,485
SE	₹ 55,59,478	₹ 46,23,109
Sterling Edition	₹ 57,54,742	₹ 47,86,969

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Freelander 2 S will be ₹ 67,240 but you will have to pay interest of ₹ 13,34,123 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 1,35,186, but your interest payment will be only ₹ 5,52,659 over the 3 years period.

₹ 87,473
Land Rover Freelander 2 price starts from ₹ 43,14,037 in Chennai.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Freelander 2 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 14,39,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Freelander 2 starts from ₹ 43.14 Lakh, you can get a loan with an annual income as low as ₹ 14.39 lakh.

Here are the most important things you should consider while getting a car loan for a new Freelander 2

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.